Title
RESOLUTION of the City of San Leandro City Council to Approve a Partial Waiver of Park Facilities Development Impact Fees for Residential Developments at 15693 East 14th Street and 110 East 14th Street in the Total Amount of $4,454,346
Body
WHEREAS, the City requires new residential development to pay a Park Facilities Development Impact Fee (the "Park Impact Fee"); and
WHEREAS, the purpose of this requirement is to ensure that there is adequate parkland to serve new residential developments based on the standards established in the City's General Plan; and
WHEREAS, the City adopted the current Park Impact Fee in 2005, and the fee was supported by a fee study completed at the time; and
WHEREAS, the Park Impact Fee is based on certain assumptions about residential occupancy rates, including an assumed occupancy rate of 2.02 people per multifamily unit; and
WHEREAS, the City recently approved two large multi-family residential projects submitted through the SB 35 streamlined reviewed process by the same applicant, AMG & Associates (the "Applicant"); and
WHEREAS, the first project is located at 110 East 14th Street and consists of 221 units, all of which are studios. This project, which utilized a state density bonus, will be 100 percent affordable at the low and very low-income levels; and
WHEREAS, the second project is located at 15693 East 14th Street, and consists of 497 units, of which 405 units are studios and 92 units are one-bedrooms. This project is the first multi-family development to be approved under the Bay Fair TOD Specific Plan and will be 50% affordable at the low and very low-income levels; and
WHEREAS, the Applicant has requested that the City waive a portion of the Park Impact Fee for the projects based on an occupancy rate of 1.25 people per studio and 1.75 people per one bedroom; and
WHEREAS, the two projects are unique in that they are overwhelmingly studio apartment units, rather than having a range of unit sizes; a...
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